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Happy Birthday, CRAK! (Or Not)

TedTed
in The Bullpen
FYI: Last week, we celebrated a little anniversary ‘round here. Quietly. VERY quietly.
A year ago, the VanEck Vectors Oil Refiners ETF (NYSE Arca: CRAK) was launched to some fanfare as the only energy ETF focused exclusively on downstream petroleum. CRAK, named for the “crack spread” which measures the price differential between input crude oil and refined products, is energy’s equivalent of VanEck’s Vectors Gold Producers ETF (NYSE Arca: GDX).
Regards,
Ted
http://wealthmanagement.com/print/etfs/happy-birthday-crak-or-not
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